Japanese Candlesticks Analysis 05.12.2012 (EUR/USD, USD/JPY)
05.12.2012
Analysis for December 5th, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a bullish tendency. The closest Window is a support level. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the EUR/USD currency pair shows the ascending trend. Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bullish tendency on the ascending trend, which started after Tower pattern. Three Line Break chart indicates a correction; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of the USD/JPY currency pair also shows a bullish tendency on the sideways trend. The closest Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; Shooting Star pattern indicates a possible bearish pullback.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.